Since 2013 the Global Cannabis Stock Index has represented the overall publicly-traded market for the medical and legal marijuana sector.
The Global Cannabis Stock Index, which is dollar-denominated and based upon the prices of the U.S. listing for each member, is rebalanced quarterly, with each member weighted equally at that time.
For the 03/31/20 rebalancing, each stock was required to have an average daily trading value in excess of $300,000 and a minimum price of at least $.25 (10-day average) as of 03/27/20. Canadian or Australian companies must have a U.S. listing in order to be included. The dollar-volume threshold for Canadian or Australian companies includes both U.S. and Canadian or Australian volume, but there is an additional requirement that the daily average U.S. dollar-volume be in excess of $100K.
The Global Cannabis Stock Index included 35 companies as of 03/31/20 (announced on 03/25/20 and based on data from 03/24/20): ALEAF, CBWTF, GGBXF, GNLN, MMNFF, SPRWF, TGODF, TRSSF and VREOF were removed, while ARYSF, PW and YCBD were added.
Inclusion in the index is not an endorsement or recommendation of any company. The companies included are designed to represent the overall market for the medical and legal marijuana sector. To summarize, it includes both the good and the bad. This Site is not an intermediary, broker/dealer, investment advisor, or exchange and does not provide investment advice or investment advisory services. Data delayed 15 minutes unless otherwise indicated.
Compare the index returns to Alan Brochstein's 420 Opportunity model portfolio on publicly-traded stock due diligence platform, 420Investor.com.
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